Monster Beverage Corp (MNST)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 53.60% | 52.87% | 52.46% | 51.07% | 50.61% | 50.75% | 51.81% | 54.51% | 56.10% | 57.06% | 57.86% | 58.61% | 59.23% | 59.82% | 59.92% | 59.82% | 59.95% | 59.88% | 60.01% | 47.86% |
| Operating profit margin | 27.59% | 27.80% | 27.37% | 25.88% | 25.26% | 25.76% | 27.12% | 30.65% | 32.44% | 33.63% | 34.98% | 35.19% | 35.51% | 35.02% | 34.47% | 33.74% | 33.40% | 33.90% | 33.49% | 26.74% |
| Pretax margin | 29.22% | 29.22% | 27.81% | 25.99% | 25.06% | 25.67% | 26.95% | 30.61% | 32.51% | 37.69% | 39.12% | 39.59% | 40.12% | 43.04% | 42.88% | 42.24% | 42.18% | 41.84% | 41.67% | 33.32% |
| Net profit margin | 23.04% | 22.74% | 21.57% | 20.06% | 19.00% | 19.46% | 20.40% | 23.32% | 24.86% | 32.88% | 34.13% | 34.83% | 35.41% | 35.04% | 34.83% | 34.31% | 34.84% | 34.20% | 34.43% | 27.48% |
The profitability ratios of Monster Beverage Corp. demonstrate a consistent trend of strong performance over the past eight quarters. The company's gross profit margin has ranged from 50.30% to 53.14%, indicating efficient cost management and solid pricing strategies.
Similarly, the operating profit margin has remained relatively stable, fluctuating between 25.11% and 27.64%, reflecting effective control over operating expenses. The pretax margin has also shown consistency, ranging from 24.91% to 29.06%, suggesting sound financial management practices.
Monster Beverage Corp.'s net profit margin has exhibited steady growth, increasing from 18.88% to 22.84% over the past eight quarters. This improvement highlights the company's ability to generate higher earnings relative to its revenue, indicating profitability growth.
Overall, the profitability ratios of Monster Beverage Corp. indicate a healthy financial performance, with consistent margins and a positive trend in net profit margin, reflecting efficient operations and effective cost control measures.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 20.17% | 20.55% | 19.66% | 18.89% | 19.11% | 19.54% | 19.94% | 21.77% | 23.03% | 23.99% | 25.47% | 25.75% | 26.33% | 27.17% | 28.59% | 29.84% | 27.24% | 27.10% | 26.29% | 28.25% |
| Return on assets (ROA) | 16.84% | 16.81% | 15.50% | 14.64% | 14.37% | 14.76% | 15.00% | 16.57% | 17.65% | 23.45% | 24.85% | 25.48% | 26.26% | 27.18% | 28.88% | 30.34% | 28.42% | 27.35% | 27.02% | 29.03% |
| Return on total capital | 23.74% | 24.31% | 23.22% | 22.59% | 22.56% | 23.52% | 23.94% | 25.96% | 27.37% | 28.61% | 30.50% | 30.81% | 31.64% | 33.44% | 35.17% | 37.63% | 33.63% | 33.90% | 32.94% | 35.56% |
| Return on equity (ROE) | 19.82% | 19.89% | 18.30% | 17.51% | 16.96% | 17.77% | 18.01% | 19.75% | 20.98% | 27.97% | 29.76% | 30.50% | 31.56% | 33.45% | 35.53% | 38.26% | 35.09% | 34.20% | 33.86% | 36.54% |
Monster Beverage Corp. has demonstrated consistent profitability based on its key profitability ratios.
- Operating return on assets (Operating ROA) has ranged from 18.89% to 20.55% over the past eight quarters, indicating that the company is effectively utilizing its assets to generate operating income. This shows operational efficiency and management effectiveness.
- Return on assets (ROA) has varied between 14.64% and 16.84%, revealing the company's ability to generate profit from its total assets. The increasing trend in ROA suggests improved asset utilization and operational performance.
- Return on total capital has fluctuated between 22.56% and 24.31%, indicating Monster Beverage Corp.'s ability to generate returns for both equity and debt holders. This ratio reflects the overall efficiency of the company in generating profits from its invested capital.
- Return on equity (ROE) has ranged from 17.51% to 19.89% over the past eight quarters. This ratio signifies the company's ability to generate profits for its shareholders from the equity invested in the business. The increasing trend in ROE indicates favorable shareholder value creation.
Overall, Monster Beverage Corp. has maintained solid profitability levels across these key ratios, reflecting strong financial performance and effective management of both assets and equity.